Developer Bart Blatstein and caterer Joseph Volpe say they have signed a contract with Exelon Corp. to buy the former Delaware Station electric plant on the Delaware River in the city’s Fishtown section.
The property boast a 1,000-foot stretch of waterfront and includes a pier.
“We envision two boutique hotels, each leading into their own ballrooms with 55-foot-high ceilings,” said Volpe, owner of Cescaphe Event Group, which organizes 600 wedding receptions a year at its five Philadelphia venues.
“It’s a one-of-a-kind property,” said Blatstein, best known for the Piazza at Schmidt’s and other housing-and-retail projects that have helped transform some of the city’s older, grittier neighborhoods.
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